John Hofmeister is a key member of the United States Energy Security Council, the former president of Shell Oil, gave a new prediction.
John Hofmeister attracted national attention in 2010 when he predicted that average U.S. gasoline prices would soar to $5 a gallon in 2012, thanks to rising crude oil prices. His forecast fell short, as the cost of filling up flirted with $4 in 2012, but
never went higher. Now former oil exec says higher gas prices are coming soon, and $5-a-gallon gas may happen within the decade.
Andrey Avramenko
